RE/Tech Firm Launches Crypto-Backed Mortgage February 11, 2025 James Dohnert The loan can be underwritten using Bitcoin or Ethereum as collateral.Read More
No Relief From Rising Cyberattack Insurance Premiums February 10, 2025 Paul Muolo One official complained both about the cyberattack premiums and the ceiling on any payouts.Read More
Short Takes: Turner Confirmed as HUD Leader / Non-Delegated Program at PennyMac / Mortgage-Tech Losses Pile Up at ICE / loanDepot Partners With Homebuilder February 6, 2025 Brandon Ivey Scott Turner's nomination to lead HUD was approved by the Senate on a 55-44 vote.Read More
Short Takes: FICO’s Score Revenue Jumps / PennyMac Upsizes Debt Offering / Optimal Blue to Offer AI Tool / Jumbo MBS From Redwood / Better Rewards Program February 5, 2025 Brandon Ivey FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.Read More
Short Takes: McCargo Abruptly Leaves FHLBank of San Francisco / Cerberus Securitizing HELs From Spring EQ / Non-Agency MBS Flowing From PennyMac / Pending Home Sales Decline / Deutsche Bank Using MacBook Airs January 31, 2025 Brandon Ivey McCargo joined the FHLBank in June.Read More
Mr. Cooper Seeing Benefits From Remote Online Notarization January 23, 2025 Brandon Ivey Mr. Cooper says it achieves faster closing times and improves customer satisfaction when using remote online notarization.Read More
FCI Putting Emphasis on Servicing Technology January 9, 2025 Paul Muolo The non-agency servicer has 32 full-time computer programmers.Read More
Short Takes: Housing Market Outlook / Freddie’s New CFO / Invictus Keeps Up the Pace / Lower to Let Applicants Access Underwriting Engine January 8, 2025 Brandon Ivey For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.Read More
Non-QM Lender Using AI to Help Parse Lending Guidelines December 31, 2024 James Dohnert The tool took A&D Mortgage six weeks to build the tool based on a commercial solution that was updated using information provided by the lender.Read More
Short Takes: French Hill to Lead HFSC / FHA Offers Hurricane Relief to Lenders / Affordability Issues Persist / Negative Outlook for Statebridge / PHH Turns to Blend December 13, 2024 Brandon Ivey Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.Read More
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